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(OXY) Occidental Petroleum complete technical analysis [charts+indicators] | Buy/Sell Occidental Petroleum | (OXY) share price targets

Complete technical analysis of Occidental Petroleum (OXY) by charts plus indicators, forecast predictions and share price targets for Occidental Petroleum (OXY)

Occidental Petroleum trades in USA in Energy sector.

10 day averaged volume of Occidental Petroleum is 6486075

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 62.86 63.37 63.57 62.72 0.818 times
15 Wed May 2024 63.38 62.90 63.55 62.01 0.987 times
14 Tue May 2024 63.06 62.89 63.29 62.67 0.726 times
13 Mon May 2024 62.91 63.77 63.92 62.51 0.99 times
10 Fri May 2024 63.57 64.48 64.70 63.44 1.008 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 63.5, but if it comes above 63.5, then a intra day buy could be more profitable.
If you take a sell trade below 63.5, then use 63.5 as stoploss and 61.3 as target. However if you take a buy trade in stock , then use 63.5 as stoploss and 65.28 as target.

Share price targets for Occidental Petroleum (OXY)

Target Type Value
Downside Target 55.53
Downside Target 60.01
Upside Target 63.44
Upside Target 65.51
Upside Target 65.78
Upside Target 65.88
Upside Target 65.99
Upside Target 68.02
Upside Target 68.43
Upside Target 69.44
Upside Target 71.19

Intraday share price targets for Occidental Petroleum (OXY)

Target Type Value
Downside Intraday Target 61.94
Downside Intraday Target 61.02
Upside Intraday Target 63.85
Upside Intraday Target 64.84
Upside Intraday Target 62.93

Weekly technical analysis of Occidental Petroleum (OXY)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 62.86 63.77 63.92 62.01 0.648 times
10 Fri May 2024 63.57 64.81 65.78 63.44 1.044 times
03 Fri May 2024 64.39 67.36 68.43 63.66 1.219 times
26 Fri Apr 2024 67.78 66.11 68.02 65.88 0.608 times
19 Fri Apr 2024 66.63 69.24 69.44 65.51 1.07 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Occidental Petroleum (OXY)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 62.86 65.68 65.99 62.01 0.447 times
30 Tue Apr 2024 66.14 65.29 71.19 64.57 1.287 times
28 Thu Mar 2024 64.99 60.97 65.13 60.01 0.669 times
29 Thu Feb 2024 60.61 57.91 61.29 56.07 1.077 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Occidental Petroleum (OXY)

Indicator Name Indicator Value Indicator Signal
ADX 10, 31, 50 Sell
MACD -1, -0Sell
Stochastics 25Sell
CCI -82Buy
RSI 38Sell
OBV 14600609Sell
VWAP 64Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Occidental Petroleum ( (OXY) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Occidental Petroleum ( (OXY) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Occidental Petroleum ( (OXY) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Occidental Petroleum ( (OXY) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Occidental Petroleum stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Occidental Petroleum in short term and the sell signal is strong.

Occidental Petroleum Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Occidental Petroleum in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Occidental Petroleum is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 63.88 and Occidental Petroleum (OXY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Occidental Petroleum (OXY) stock. Volume based technical analysis of Occidental Petroleum (OXY) stock is negative.

Occidental Petroleum Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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